United Real Estate Wins 3-Year License to Run Seafront Phase Five

United Real Estate Company has obtained a license from the Ministry of Finance – State Property Contracts Department to manage, operate and maintain the Seafront property, Phase Five (Marina World), for three years from the date of signing on 21 October 2026. The company will pay an annual usufruct fee of no less than 30% of the property's annual revenues, under the terms of the license.